NuCoria is being set up through a collaboration with Seeing Machines.

Australian National University (ANU) is setting up a new joint venture with company Seeing Machines. The new company, NuCoria, will exploit technology called TrueField Analyser, developed together by both parties.

Seeing Machines, itself a spin-out of ANU’s Robotic Systems Lab incorporated in 2000, and ANU are transferring all intellectual property related to the technology to NuCoria, a process handled by ANU’s technology transfer office.

The university will be responsible for running the company, including management, staffing and funding, while Seeing Machines will be given an 18% stake. On top of that share, Seeing Machines will also nominate a non-executive director and be entitled to royalties from all future licensing deals.

The university is aiming for NuCoria to be the vehicle for all forthcoming technology related to its ophthalmology research.